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1. (18%) Consider the following items: A. Tomatoes used in the manufacture of ketchup B. Administrative salaries of executives employed by a regional airline C.

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1. (18%) Consider the following items: A. Tomatoes used in the manufacture of ketchup B. Administrative salaries of executives employed by a regional airline C. Wages of assembly-line workers at an automobile manufacturing plant D. Marketing expenditures of the major league baseball club E. Commissions paid to the salespeople working for a soft drink company F. Straight-line depreciation on manufacturing equipment owned by a computer manufacturer G. Shipping charges incurred by office supplies retailer on out-going ordens H. Speakers used in a consumer electronics company's home-theater systems I. Insurance costs related to a cosmetics manufacturing plant Complete the table that follows and classify each of the costs listed as (1) a product or period cost and (2) a variable or fixed cost by placing an "X" in the appropriate column Product or Period CostVariable or Fixed Cost Fixed Item Product Period

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